Amagi Sets IPO Price Band at ₹343–₹361, Opens Jan. 13 After Trimming Offer

The cloud media software firm targets roughly ₹7,800–₹7,966 crore in valuation, pairing a smaller offer with plans for tech upgrades plus selective acquisitions.

Overview

The public offer totals about ₹1,788.6 crore, comprising a ₹816 crore fresh issue and an offer for sale of 2.7 crore shares valued at ₹972.6 crore at the top of the band.
Anchor bidding is slated for Jan. 12, the subscription window runs Jan. 13–16, allotment is tentatively Jan. 19, and listing is targeted for Jan. 21 on the BSE and NSE.
At the upper end of the price range, the implied valuation is reported at roughly ₹7,800–₹7,966 crore.
Of the fresh proceeds, ₹550 crore is earmarked for technology and cloud infrastructure, inorganic growth and general corporate purposes, with phased deployment of ₹82 crore in FY26, ₹359 crore in FY27 and ₹108 crore in FY28.
Reservations allocate 75% to qualified institutional buyers, 15% to non-institutional investors and 10% to retail investors, with book-runners Kotak Mahindra Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities, IIFL Capital Services and Avendus Capital; Amagi reported ₹1,162 crore revenue in FY25 and a ₹6.4 crore profit on ₹704.8 crore revenue in H1 FY26.